Park Avenue Securities LLC Purchases 740 Shares of Packaging Corporation of America $PKG

Park Avenue Securities LLC grew its position in Packaging Corporation of America (NYSE:PKG) by 11.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,938 shares of the industrial products company’s stock after acquiring an additional 740 shares during the period. Park Avenue Securities LLC’s holdings in Packaging Corporation of America were worth $1,307,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its stake in shares of Packaging Corporation of America by 6.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,272,704 shares of the industrial products company’s stock valued at $648,061,000 after acquiring an additional 202,755 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Packaging Corporation of America by 46.5% during the first quarter. JPMorgan Chase & Co. now owns 3,038,859 shares of the industrial products company’s stock worth $601,755,000 after purchasing an additional 964,085 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Packaging Corporation of America by 108.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,363,617 shares of the industrial products company’s stock worth $468,045,000 after purchasing an additional 1,229,219 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Packaging Corporation of America by 2.6% during the first quarter. Ameriprise Financial Inc. now owns 1,905,475 shares of the industrial products company’s stock worth $377,347,000 after purchasing an additional 47,558 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Packaging Corporation of America by 5.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,248,739 shares of the industrial products company’s stock worth $247,240,000 after purchasing an additional 60,710 shares in the last quarter. Institutional investors own 89.78% of the company’s stock.

Packaging Corporation of America Trading Down 1.0%

Shares of NYSE PKG opened at $213.18 on Friday. The company’s 50 day simple moving average is $206.65 and its 200 day simple moving average is $197.10. Packaging Corporation of America has a fifty-two week low of $172.71 and a fifty-two week high of $250.82. The firm has a market capitalization of $19.18 billion, a P/E ratio of 21.28, a P/E/G ratio of 1.88 and a beta of 0.87. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.54 and a quick ratio of 2.32.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.04. Packaging Corporation of America had a net margin of 10.47% and a return on equity of 20.08%. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period in the prior year, the business posted $2.20 earnings per share. Packaging Corporation of America’s revenue was up 4.7% compared to the same quarter last year. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. On average, analysts predict that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be issued a $1.25 dividend. The ex-dividend date is Monday, September 15th. This represents a $5.00 annualized dividend and a yield of 2.3%. Packaging Corporation of America’s dividend payout ratio (DPR) is 49.90%.

Analyst Ratings Changes

PKG has been the topic of a number of research reports. Jefferies Financial Group lowered shares of Packaging Corporation of America from a “buy” rating to a “hold” rating and reduced their target price for the stock from $245.00 to $205.00 in a research report on Monday, June 16th. Wells Fargo & Company upped their target price on shares of Packaging Corporation of America from $180.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 10th. Citigroup upped their target price on shares of Packaging Corporation of America from $197.00 to $214.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th. JPMorgan Chase & Co. initiated coverage on shares of Packaging Corporation of America in a research report on Wednesday. They set an “overweight” rating and a $242.00 target price on the stock. Finally, Truist Financial upped their target price on shares of Packaging Corporation of America from $238.00 to $262.00 and gave the stock a “buy” rating in a research report on Wednesday, September 17th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $223.83.

Insiders Place Their Bets

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 25,000 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $215.97, for a total value of $5,399,250.00. Following the sale, the chief executive officer directly owned 437,378 shares in the company, valued at approximately $94,460,526.66. This trade represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.50% of the company’s stock.

About Packaging Corporation of America

Packaging Corporation of America engages in the production of container products. It operates through the following segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers.